|Bid||0.3150 x 0|
|Ask||0.3500 x 0|
|Day's Range||0.3300 - 0.3300|
|52 Week Range||0.0750 - 0.3300|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), of 4,725,000 common shares of the Company, to certain directors and officers of the Company. The Company also reports that as part of its ongoing, broad-based focus to decrease costs during the current market downturn, its senior management and operating team have been working at reduced compensation levels since the spring and the Board has also waived quarterly board of directors fees.
Further to its news release dated April 23, 2020, Jericho Oil Corporation (“Jericho”) (JCO.V) announces that it has closed a fully subscribed non-brokered private placement (the “Offering”) of 50 million units (the “Units”) at $0.10 CAD per Unit for gross proceeds of $5 Million. Each Unit is comprised of one Common Share (a “Share”) and one Warrant (a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance. Jericho will seek to acquire what it believes to be high-quality assets in special situations.
Jericho Oil Corporation (“Jericho”) (JCO.V) announces that due to delays related to the COVID-19 pandemic, it has postponed filing of its quarterly financial statements and management’s discussion and analysis ended March 31, 2020 (“Q1 2020 Filings”), which were due to be filed on June 1, 2020. Jericho will rely on the Canadian Securities Administrators' blanket relief which provides a 45-day extension for periodic filings normally required to be made on or before June 1, 2020 as permitted by the BCSC's Instrument 51-515 blanket relief. The Company anticipates the Q1 2020 Filings will be completed and filed by June 30, 2020.